January 2007 Interest rates set for yet another rise Jan 29, 2007   Interest rates are likely to go further up as the central bank might resort to increase the rates at which it lends short-term funds to banks in the third quarter review of annual statement on monetary policy for 2006-07 on Wednesday.   Read More HDFC to follow RBI on rate hike Jan 25, 2007   With banks across the board raising interest rates on deposits, HDFC is facing stiff competition in retail deposits. The institution offers 8.25% on one-year deposits against 8.3% offered by some nationalised banks like Union Bank of India (UBI).   Read More Reserve Bank of India on home loan banks Jan 09, 2007   The Reserve Bank of India has become strict in the housing finance process and directed fresh guidelines to commercial banks attacking broadly on dealing with building violations and illegal properties. Now the bank that has financed your house has the powers to recall   Read More Say bye to Home loan DSAs now !! Jan 02, 2007   The home loan market is ready to be restructured.. Think in terms of interest rates or bank's policies, for the past few months we have been observing regular changes in housing finance sector in India. The method used to market the home loan schemes through direct selling agents (DSAs)   Read More PNB's hike in home loan rates Jan 1, 2007   Following the hike in prime lending rate (PLR) by country's largest lender State Bank of India, Punjab National Bank revised its lending rates from 11.50 per cent per annum to 11.75 per cent per annum. The increased rate will be applicable from January 1, 2007.   Read More